~ A Blog on Gems

Bank Told to Restore Exelco Assets: Bloomberg

RAPAPORT… A court has ordered KBC Group to return the assets it seized
from Antwerp-based diamond firm Exelco within 24 hours, Bloomberg reported
Thursday.
The Belgian bank took hold of assets belonging to Exelco on
June 22, according to a separate report by the news service last week. The bank
had bailiffs enter the diamond manufacturer’s offices, as well as offices of De
Beers and ABN Am…